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GLDB vs GBDC: Dividend Comparison 2026

GLDB yields 0.20% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.83M in total portfolio value
10 years
GLDB
GLDB
● Live price
0.20%
Share price
$23.29
Annual div
$0.05
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$19.9K
Annual income
$20.08
Full GLDB calculator →
GBDC
GBDC
● Live price
11.86%
Share price
$12.65
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.85M
Annual income
$16,450,733.83
Full GBDC calculator →

Portfolio growth — GLDB vs GBDC

📍 GBDC pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodGLDBGBDC
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
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Dividend Calendar Overlap

Combined, GLDB + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
GLDB pays
GBDC pays
Both pay
Neither
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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

GLDB
Annual income on $10K today (after 15% tax)
$16.85/yr
After 10yr DRIP, annual income (after tax)
$17.07/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.91/yr
After 10yr DRIP, annual income (after tax)
$13,983,123.76/yr
At 15% tax rate, GBDC beats the other by $13,983,106.69/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of GLDB + GBDC for your $10,000?

GLDB: 50%GBDC: 50%
100% GBDC50/50100% GLDB
Portfolio after 10yr
$10.43M
Annual income
$8,225,376.96/yr
Blended yield
78.83%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

GLDB
No analyst data
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.7% upside vs current
Range: $13.00 — $15.00
Altman Z
0.6
Piotroski
6/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

GLDB buys
0
GBDC buys
0
No recent congressional trades found for GLDB or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricGLDBGBDC
Forward yield0.20%11.86%
Annual dividend / share$0.05$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$19.9K$20.85M
Annual income after 10y$20.08$16,450,733.83
Total dividends collected$200.00$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

Year-by-year: GLDB vs GBDC ($10,000, DRIP)

YearGLDB PortfolioGLDB Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$10,720$19.82$12,492$1,791.70$1.8KGBDC
2$11,490$19.86$16,527$3,160.58$5.0KGBDC
3$12,314$19.89$23,588$5,904.90$11.3KGBDC
4$13,196$19.93$37,141$11,901.65$23.9KGBDC
5$14,140$19.96$66,205$26,463.38$52.1KGBDC
6$15,150$19.98$137,452$66,612.65$122.3KGBDC
7$16,230$20.01$342,372$195,298.53$326.1KGBDC
8$17,386$20.04$1,053,292$686,954.33$1.04MGBDC
9$18,623$20.06$4,111,439$2,984,416.95$4.09MGBDC
10$19,947$20.08$20,849,974$16,450,733.83$20.83MGBDC

GLDB vs GBDC: Complete Analysis 2026

GLDBStock

GLDB combines traditional and digital value stores under one strategy, balancing exposure between Bitcoin (BTC) and gold. This combines the growth potential of digital assets with the stability of precious metals. The fund uses a quantitative allocation framework and begins with a 50/50 weekly weighting, adjusting based on volatility, momentum, and proprietary risk metrics. Holdings can shift up to 100% toward either asset if conditions warrant. As part of the strategy, the fund employs 1.25x leveraged exposure through derivatives such as futures, options, swaps, as well as ETPs holding BTC, gold, and related assets. The fund may also hold assets like Ether (ETH) and silver. The fund gains up to 25% of its exposure through a Cayman Islands Subsidiary, thus avoiding K-1 forms. Remaining assets are held in US treasuries, cash, and short-term instruments as collateral.

Full GLDB Calculator →

GBDCBDC

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

Full GBDC Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.